China Minmetals Rare Earth (000831) recently stated that it is concerned about some media reports about the restrictions on import of Myanmar’s rare earth mines in May.
As one of the raw material supply channels of China’s rare earth industry, Myanmar’s rare earth policy, such as import restrictions, will have an impact on domestic rare earth smelting, especially medium and heavy rare earth smelting enterprises.
In the context of the continuous changes in the rare earth market, Minmetals Rare Earth Corporation has taken an active response. Through the establishment of raw material reserves and various types of raw material procurement channels, the current supply of raw materials can better meet the normal production needs of its separation enterprises.
